Albertsons special dividend remains paused as legal fight heads into 2023
Albertsons’ $4 billion special dividend payment remains on hold until at least early February as legal battles against the payout continue. The grocery company announced last week that all of the judges on the Supreme Court for Washington state will take up the matter of whether Albertsons can proceed with the payment on Feb. 9, 2023. Earlier this month, a state court denied Washington Attorney General Bob Ferguson’s request for a preliminary injunction to block the special dividend, but kept the temporary restraining order pausing the payment in place to give Ferguson time to ask another court to review the decision. Ferguson appealed the order to the Washington Supreme Court, the state’s highest court.